Best LBO investor in vertical SaaS companies?

Among tech PE firms, which ones would you consider to be the best investors in vertical SaaS companies, and why? Would love to hear your thoughts, thanks!

Private Equity Interview Course

  • 2,447 questions - 203 PE funds. Crowdsourced from 750k+ members
  • 9 Detailed LBO Modeling Tests and 15+ hours of video solutions.
  • Trusted by over 1,000 aspiring private equity professionals just like you.

Comments (13)

Oct 14, 2019 - 1:06am

Constellation isn't even a fund, is a publicly traded diversified software company that is predominantly a value buyer of small software companies.

IGSB as in the investor group of Santa Barbara? Tell me about a few of the major tech LBOs they've done recently.

Vista and Thoma are the big ones. Lots of other funds are starting to raise some significantly sized growth buyout types of funds, AKKRs, Great Hill, Francisco etc, but nothing as splashy as the first two.

Oct 14, 2019 - 6:53pm

OP said LBO PE... Constellation is a publicly traded conglomerate comparable to Berkshire in that they invest off a hurdle rate. A 2 second look at their financials you can clearly see they're not applying leverage to do that. Not even remotely comparable to TB/Vista in how they invest, just that they also focus on VMS

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
Oct 13, 2019 - 10:03pm

Would be interesting to see how TB and Vista portcos perform in the recession. These guys started to be on everyone's radar 5-7 years ago

Oct 11, 2020 - 3:06pm

We've seen how they performed through the recession. Vista began in '00 and first vintage to mainstream LPs was '07. Returns were phenomenal on both through that time period, so much so that RFS was quoted: "Software is better than first lien debt". They also were very successful at fund raising during that period.


Oct 15, 2019 - 11:44am

Ad id quaerat est. Nisi culpa est et fuga sit laborum quisquam. Id ullam asperiores dolorem reprehenderit animi nisi.

Start Discussion

Popular Content See all

Investment Banking is Paradise
+276IBby Partner in PE - LBOs
Public banging
+183OFFby Intern in PE - LBOs
Oncycle is a fucking joke
+167PEby Analyst 2 in IB - Cov
MD’s Daughter/Son has student loans?
+115REby Analyst 1 in RE - Comm
How often do you get "matches" on apps?
+113OFFby Associate 1 in AM - Other
Dating smart girls
+99OFFby Analyst 2 in Consulting
Who manages your money?
+96INVby TechnoPanther

Total Avg Compensation

September 2021 Private Equity

  • Principal (7) $694
  • Director/MD (18) $575
  • Vice President (67) $365
  • 3rd+ Year Associate (68) $270
  • 2nd Year Associate (139) $254
  • 1st Year Associate (284) $222
  • 3rd+ Year Analyst (25) $160
  • 2nd Year Analyst (61) $135
  • 1st Year Analyst (184) $118
  • Intern/Summer Associate (20) $67
  • Intern/Summer Analyst (219) $59